Euro Ressources (Euro Ressources) ROCE % : 92.31% (As of Sep. 2023)

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What is Euro Ressources ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Euro Ressources's annualized ROCE % for the quarter that ended in Sep. 2023 was 92.31%.

Euro Ressources ROCE % Historical Data

The historical data trend for Euro Ressources's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Euro Ressources ROCE % Chart

Euro Ressources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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51.59

49.52

40.45

26.18

52.78

Euro Ressources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															48.23	72.27	78.05	78.35	92.31

Euro Ressources ROCE % Calculation

Euro Ressources's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	22.458	/	( ( (45.369 - 0.164)	+	(41.154 - 1.265) )	/ 2 )
	=	22.458	/	( (45.205	+	39.889)	/ 2 )
	=	22.458	/	42.547
	=	52.78 %

Euro Ressources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	35.912	/	( ( (37.038 - 1.928)	+	(45.963 - 3.267) )	/ 2 )
	=	35.912	/	( ( 35.11	+	42.696 )	/ 2 )
	=	35.912	/	38.903
	=	92.31 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Euro Ressources (OTCPK:ERRSF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Euro Ressources ROCE % Related Terms

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Euro Ressources (Euro Ressources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Euro Ressources SA (OTCPK:ERRSF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EUR:France GY5:Germany

Address

23, Rue du Roule, Paris, FRA, 75001

Website

https://www.goldroyalties.com

Euro Ressources SA is a France-based company focused on precious-metal royalties. The company owns royalty interest in the Rosebel gold mine which is located in Suriname. Geographically group functions all its business activity through Canada. Revenue for the firm is generated through royalty interest from the Rosebel gold mine.

Euro Ressources (Euro Ressources) Headlines

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